Zacks Analyst Blog Highlights: Vodafone, NTT Docomo, Qualcomm, AT&T and France Telecom - Press Releases
For Immediate Release
Chicago, IL – April 12, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Vodafone (VOD), NTT Docomo (DCM), Qualcomm (QCOM), AT&T (T) and France Telecom (FTE).
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Here are highlights from Friday’s Analyst Blog:
India Kicks Off 3G Auction
The Indian telecom industry made history as the government finally kick-started the long-awaited 3G WCDMA spectrum (radio airwave) auction on Friday, April 9, 2010. India’s Department of Telecommunications (DoT) is conducting the 3G auction over the Internet with the bidders having respective passwords for accessing the sale process.
Bidders at the auction are vying for a chunk of spectrum to roll out next-generation telecom services in the world’s fastest growing wireless market with roughly 600 million mobile subscribers.
A separate spectrum auction for Broadband Wireless Access (BWA) is expected to start two days after the close of the 3G auction which may take several days to complete. Winning bidders have to pay for their licenses within 10 days following the auction closure.
The DoT recently revealed the bidders’ names for 3G and BWA auctions. The auctions have attracted 20 applicants in aggregate with 9 having enrolled to bid for the 3G auction and 11 for the BWA auction.
The 3G bidders include major privately-held carriers Bharti Airtel, Vodafone's (VOD) Indian arm Vodafone Essar, Reliance Communications, Idea Cellular, Aircel and Tata Teleservices, the Indian partner of NTT Docomo (DCM). Remaining bidders are Chennai-based minnow S Tel and new entrants Videocon and UAE-based Etisalat. Bharti, which controls 22% of the mobile market, is expected to emerge as a big winner.
The applicants for the BWA auctions include Bharti Airtel, Vodafone Essar, Reliance, Idea, Tata Communications, Aircel and Spice Internet. Others are newcomers like Tikona Digital, Infotel Broadband, UK-based wireless broadband operator Augere Holdings and Qualcomm (QCOM).
International telecom heavyweights such as AT&T (T) and France Telecom (FTE) have shunned the spectrum auctions given the uncertainty regarding the spectrum availability and high cost of service deployments.
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